MRO Reports 2Q 2019 Results
$250 Million Share Repurchases Year-to-Date Supported by Continued Strong Free Cash Flow;
Buyback Authorization Raised to $1.5 Billion
"Second quarter featured exceptional operational performance across our advantaged multi-basin portfolio driving compelling bottom-line financial outcomes," said Chairman, President and CEO Lee Tillman. "Through differentiated execution, we're improving our corporate returns, generating meaningful free cash flow, and returning significant capital back to our shareholders. Already in 2019, we've returned about 25% of our net operating cash flow back to our shareholders."
The quest for value
In many ways, the unconventional business is the tech equivalent of the energy industry. We’re driving a rate of change like nothing this industry has experienced before.
Read more from VP Mike Henderson's address at URTeC 2019 in Denver.
Article Reprint: NNPA Newswire
BlackPressUSA reports on career opportunities in the oil and gas industry, and how Marathon Oil is working to attract diverse job candidates.
MRO Director Marcela Donadio recognized
Marathon Oil Director Marcela Donadio was recently named to the 2019 National Association of Corporate Directors (NACD) Directorship 100, which honors the most influential boardroom leaders each year.
Recent News media
MRO ranked #8 among houston chronicle 100
We made this year’s Houston Chronicle 100, ranking #8 among the top 10. The rankings are based on 2018 financials: total revenue, earnings-per-share growth, annual revenue growth and one-year total return to shareholders on a dividend-reinvested basis. From the article Marathon Oil transforms itself into a top-performing oil producer: "The company's work to simplify its operations, along with its CEO Lee Tillman's laser focus on prioritizing cash flow over 'growth for growth's sake' helped push Marathon Oil to the top 10 best performing Houston-based companies on this year's Chron 100 list."
StrategyU.S. Resource Play Focused
Marathon Oil is an independent E&P company, based in Houston. Building on a rich history, with pride in our past achievements, our strategy is resolutely focused on U.S. unconventional resource plays. We're active in the Eagle Ford, Bakken, STACK/SCOOP and Permian.
Four oil-rich U.S. resource plays differentiate us
Read about our business strategy and company values
Check out current career opportunities at Marathon Oil
Our people, the places where we work, and the inspiration that drives us to excel
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